Episode Spotlight
On the heels of a podcast about home equity loans comes the flipside:
petitioning the Small Business Administration for startup funding. Joe
Loddo, the District Director of the Washington DC area, shares the
upside of going right to the source. Joe says the SBA should be the
“lender of first resort.” Why? Because it is designed specifically
for small businesses. Also, there is less risk than other loans
because the programs offered provide the entrepreneur with insurance.
With an SBA loan you can receive up to $2 million in funds and you can
also get money to expand an already existing business. All of this
takes a mere few hours of paper work. Listen in as Joe Loddo gives
more details!